KUALA LUMPUR: Infomina Bhd has received a purchase order (PO) worth US$5.4 million (about RM23.9 million) from the Philippine National Bank (PNB).

The PO is valid for three years from March 1 2023 to Feb 28 2026.

Under the PO, the regional technology solutions provider company will provide technology application and infrastructure operations, as well as maintenance and support services to PNB.

PNB is the fourth largest privately-owned Philippine commercial bank and has the largest number of overseas offices and of the largest domestic branch networks in the republic.

Managing director Yee Chee Meng said the PO would expand Infomina's orderbook that stood at about RM550 million.

He added that the PO had enhanced the company's presence and foothold in the Philippines and its efforts to expand international presence after the pandemic had shown results.

Yee said as Infomina had become part of PNB's modernisation plans, the company was able to increase added value and offer its full range of services to the bank.

"The solutions that we are offering will enable PNB to smoothly migrate to new core banking applications in a secure manner. The new core banking application will have the capability to allow PNB to build Artificial Intelligence Operation and Automation (AIOps) in PNB's environment.

"This solution suite will provide PNB the flexibility to modernise their core banking system," he said in a statement.

In the upcoming term, the company looked forward to more similar wins in the key markets in the region as it leveraged its domain expertise to deliver solutions to customers, Yee added.